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The hype around the meme coins is dying resulting in Shiba Inu coin’s price drop

Shiba Inu death cross is occurring as the short-term price action might be in jeopardy as a negative moving average (MA) cross appears on its four-hour chart. Such a negative cross occurred in late August, and in the weeks that followed, the SHIB price dropped from a high of $0.00001483 on August 25, 2023 to a low of $0.0000092 on October 14, 2023. A positive cross was produced by the rise in late October, but the surge was brief because of the bearish market circumstances seen thus far in November. Shiba Inu hype shot up in 2023 when the coin became one of the biggest gainers after increasing by 50,000,000%. But since late October, the coin has been plummeting. This is because the hype around the meme coins is dying. That’s why the Shiba Inu price has been dropping for almost 5 months now. The biggest challenge for the Shiba Inu project is utility. The Shiba token grew out of hype and not products. That’s why when the hype started slowing, the price started to drop and has been plummeting since then. The Shiba team is now working on building products for its ecosystem, but the pace has been slow. That’s why the coin has been losing holders, while the market cap and the price have been dropping.

Why is Shiba Inu falling?

One of the biggest reasons is that the whole Crypto market is down so is Shiba but sudden drops in Shiba Inu prices are mostly related to panic selling by the holders. Even a small drop in price sometimes triggers panic selling as people are afraid of losing money but holding and buying the dip seems to be the best option. The biggest challenge for the Shiba Inu project is its utility. The Shiba token grew out of hype and not because of products. That’s why when the hype started slowing, the price started to drop and has been plummeting since then. The Shiba team is now working on building products for its ecosystem, but the pace has been slow.

Will Shiba Inu continue to drop?

Shiba Inu’s collapse is likely to continue while it is impossible to predict the future, Shiba Inu’s weak fundamentals and concentrated ownership make it a high-risk asset. And the token’s valuation is likely to continue collapsing in 2023.

How will Shiba Inu make a comeback?

Shiba Inu seems profitable in the long run because many whales are buying and holding a lot & Shibas are burning at fastest rate possible, also many new projects are being introduced to the platform and by the community like integration with metaverse and Web 3.0 projects. Soon Shiba may also see many uses like other utility tokens if everything goes well by the planning. So, these falls are temporary and Shiba holds a bright future if all plans are executed successfully. If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen.

The biggest developments are coming up this year and have the potential to explode this coin. The Shibarium and the Shiberse are two major Shiba Inu developments that crypto analysts say will be a game-changer for this project. Shibarium, a layer-2 scaling solution, is widely anticipated because of the impact it is going to have on this coin.

Shibarium is a scaling protocol designed to scale Ethereum, which is the network that Shiba Inu is running on. With the launch of this scaling protocol, the Shiba Inu project will significantly reduce the amount of gas that users have to pay when transacting SHIB.

Is SHIB crypto a good investment?

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Get Behind The Next Shiba Inu Trend – Evergrow

A lot of people believe the rise of Shiba Inu was thanks to hitchhiking on the back of Dogecoin. “A surge in interest for Dogecoin drove traders to find the next big thing,” wrote Fortune about the Shiba Inu surge to a $14 billion market cap in May 2023. “Shiba Inu has obviously been due to Dogecoin’s success,” said David Hsiao, the CEO of Block Journal last year. There are many more who believe the Shiba Inu 2,405% spike within 72 hours by May 10 was down to Elon Musk’s appearance on Saturday Night Live on May 8 – and that alongside Musk

EverGrow – a burn rate 12% higher than Shiba Inu

The Shiba Inu burn rate started life at 41.02% when Vitalik Buterin burned the majority of Shiba Inu tokens he had been sent in early 2023. Buterin didn’t want the ‘control’ of SHIB’s supply. So he burned most of it – and sent the rest to an India COVID-19 relief fund, as well as funded a PhD programme in artificial intelligence. Fast-forward to August 2023 and where do you think the Shiba Inu burn rate is at? According to

What’s the difference between Shiba Inu and EverGrow burns?

Vitalik Buterin set the precedent for Shiba Inu burns. Which means, it was an altruistic burn done at a personal cost. All Shiba Inu burns since (worth $1.7 million at the current SHIB price) have been done either by investors destroying part of their own position or projects burning SHIB with a percentage of profits. This, of course, is all part of the Shiba Inu vision. The anonymous founder of Shiba Inu (Ryoshi) wanted the project to be an ‘experiment’ in decentralised community building. Vitalik Buterin continued that vision with charitable causes – but not every SHIB investor realises that. The majority of new Shiba Inu investors FOMOd in on the hype – and probably lost money. According to IntoTheBlock, 60% of Shiba Inu holders are in the red on their position at the current SHIB price ($0.000015). This is also because 68% of all holders bought SHIB in the past 12 months – and prices have been falling since October/November. These investors might be unwilling to burn their own portfolio. This is why EverGrow is interesting as an approach to crypto. EverGrow charges a transaction tax, and 2% of this tax goes towards buyback and burn. The funds collected from this tax

When is EverGrow going to break out in price?

The EverGrow market cap is currently at $100 million. If you’re buying up EverGrow at the current price, the market cap only needs to hit $1.1 billion for a price hike of 1,000%. If the market cap hits the $14 billion market cap that Shiba Inu reached in May last year, it would mean a 13,900% return on investment. But, of course, the question is ‘when will this happen?’ A bull market will most likely be the deciding factor. But in the meantime EverGrow has a lot going on to draw in new investment and spread the project to more investors. Here’s what’s in store:

LunaSky. EverGrow will drop a new NFT marketplace in the next few weeks, which will aim to compete with leading Ethereum-based marketplaces. LunaSky is built on the BNB Chain. The project will be separate to EverGrow but all profits will be used to buyback even more $EGC tokens and burn them from supply.

Crator. EverGrow will then drop a content subscription platform – the world’s first to integrate fiat and crypto into a specifically content subscription style social media application. Commissions will be much lower than competitors like OnlyFans (5% vs OnlyFans’ 20%) and all profits will be put into buyback and burn.

With all of the above dropping before the end of 2023, there’s every chance that EverGrow will have its first major price rally before the year is out. From there on, it’s only a matter of time for the next bull market to send prices sky-rocketing. There are thousands of cryptocurrencies all aiming to be the next Shiba Inu. The problem is that hype only lasts for a certain amount of time – largely because investors buy into projects that have little utility and real-world value to carry them past 12 months, let alone 3, 5 or 10 years of solid growth. EverGrow is different. The project has already spiked 25% in the past week, while Bitcoin has fallen -1%.

A lot of people believe the rise of Shiba Inu was thanks to hitchhiking on the back of Dogecoin. “A surge in interest for Dogecoin drove traders to find the next big thing,” wrote Fortune about the Shiba Inu surge to a $14 billion market cap in May 2023. “Shiba Inu has obviously been due to Dogecoin’s success,” said David Hsiao, the CEO of Block Journal last year. There are many more who believe the Shiba Inu 2,405% spike within 72 hours by May 10 was down to Elon Musk’s appearance on Saturday Night Live on May 8 – and that alongside Musk tweeting about buying a Shiba Inu pup was enough to seal SHIB’s fate. The analysis is in part correct; but it’s not the whole story. What’s missing was the removal of 42.01% of the entire Shiba Inu supply from circulation in one transaction sometime around mid May last year. When the bull market came back around in October-November, the same trading volumes sent SHIB prices sky-rocketing to a new all-time high. By October 27th, the price of Shiba Inu had risen over 46,000,000% from January 1st. Thousands of meme-coins have flooded the crypto market attempting to make those kinds of returns again, but few have taken the tougher route of coin burning. Until EverGrow came along in September last year. If you’re serious about picking a small cap cryptocurrency with the potential for explosive returns of a Shiba Inu ilk, don’t get sidetracked by following the hype – you have to understand coin burns. You’ll learn everything you need to know in this article. Let’s jump chúng tôi Shiba Inu burn rate started life at 41.02% when Vitalik Buterin burned the majority of Shiba Inu tokens he had been sent in early 2023. Buterin didn’t want the ‘control’ of SHIB’s supply. So he burned most of it – and sent the rest to an India COVID-19 relief fund, as well as funded a PhD programme in artificial intelligence. Fast-forward to August 2023 and where do you think the Shiba Inu burn rate is at? According to chúng tôi , it’s up to 41.04%. In other words, despite hundreds of projects and thousands of SHIB tokens entering the burn wallet, the needle has moved just 0.02%. Enter EverGrow. The project only launched in September last year, and the burn rate is already 53.05% (according to burn wallet auditable on chúng tôi .) With the EverGrow market cap currently hovering around the same levels Shiba Inu was it before its explosion onto the scene in May last year ($100 million) EverGrow is well-prepared to follow the Shiba Inu trend.Vitalik Buterin set the precedent for Shiba Inu burns. Which means, it was an altruistic burn done at a personal cost. All Shiba Inu burns since (worth $1.7 million at the current SHIB price) have been done either by investors destroying part of their own position or projects burning SHIB with a percentage of profits. This, of course, is all part of the Shiba Inu vision. The anonymous founder of Shiba Inu (Ryoshi) wanted the project to be an ‘experiment’ in decentralised community building. Vitalik Buterin continued that vision with charitable causes – but not every SHIB investor realises that. The majority of new Shiba Inu investors FOMOd in on the hype – and probably lost money. According to IntoTheBlock, 60% of Shiba Inu holders are in the red on their position at the current SHIB price ($0.000015). This is also because 68% of all holders bought SHIB in the past 12 months – and prices have been falling since October/November. These investors might be unwilling to burn their own portfolio. This is why EverGrow is interesting as an approach to crypto. EverGrow charges a transaction tax, and 2% of this tax goes towards buyback and burn. The funds collected from this tax automatically perform regular burns – i.e. smart contracts buy up $EGC tokens and send them to the burn wallet. What it means is a burn process that’s not only automated, but also fair. Whales and small investors alike contribute the same percentage of their buys and sells to coin burns. Even if there is a large sell-off, investors can be rest assured that a portion of the outflow is kept back for an upcoming buyback and chúng tôi EverGrow market cap is currently at $100 million. If you’re buying up EverGrow at the current price, the market cap only needs to hit $1.1 billion for a price hike of 1,000%. If the market cap hits the $14 billion market cap that Shiba Inu reached in May last year, it would mean a 13,900% return on investment. But, of course, the question is ‘when will this happen?’ A bull market will most likely be the deciding factor. But in the meantime EverGrow has a lot going on to draw in new investment and spread the project to more investors. Here’s what’s in store:With all of the above dropping before the end of 2023, there’s every chance that EverGrow will have its first major price rally before the year is out. From there on, it’s only a matter of time for the next bull market to send prices sky-rocketing. There are thousands of cryptocurrencies all aiming to be the next Shiba Inu. The problem is that hype only lasts for a certain amount of time – largely because investors buy into projects that have little utility and real-world value to carry them past 12 months, let alone 3, 5 or 10 years of solid growth. EverGrow is different. The project has already spiked 25% in the past week, while Bitcoin has fallen -1%. Read up on the EverGrow white paper and get involved because this hot new token might just become the next Shiba Inu.

Big Eyes Coin, Cardano, And Shiba Inu

The year is coming to an end! This means a lot of things, especially the fact that Christmas is coming soon. As a savvy crypto investor, some altcoins are worth keeping an eye on as the year comes to an end. Despite the fact that the cryptocurrency sector continues to struggle with the fallout from the FTX implosion, there are still a couple of cryptocurrencies that can make you some profit.

In light of this, some crypto enthusiast have reviewed three cryptocurrencies and examined their recent performance as well as significant recent developments. Crypto traders and investors should think about adding these cryptocurrencies to their watchlists: Cardano (ADA), Shiba Inu (SHIB), and newcomer Big Eyes Coin (BIG).

Cardano (ADA) – Advanced Crypto

Cardano (ADA) is a smart contract platform and one of the largest cryptos out there. It is one of the safest solutions available in the market at the moment and is the first of its kind, peer-researched crypto technology. One of the most secure blockchain technologies is Cardano (ADA). It was also made to rival Ethereum and has, like Solana, been able to deliver a positive return ever since its introduction. It currently ranks among the top ten crypto tokens in terms of value.

In 2023, we expect to witness a favorable upswing in Cardano as the platform integrates new technology and builds its ecosystem. There will be more applications for the crypto token as more users join the network. Cardano will also be among the first to profit from the trend when the cryptocurrency market begins to rally in the upcoming year as experts predict.

Shiba Inu (SHIB) – The Infamous Meme Coin

In August 2023, Ryoshi launched Shiba Inu (SHIB), the second-largest meme coin in the world. Despite the fact that 2023 was a challenging year for the entire cryptocurrency market, Shiba Inu was still able to maintain its popularity and prosperity.

Shiba Inu is a community-based alternative coin and as a result, the growth of the community is crucial to the coin’s viability. SHIB could be a great investment in 2023. You should consider SHIB at the present because the prices are low, if you are interested in meme coins and are aware of the market’s volatility.

Presenting Big Eyes Coin (BIG)

Big Eyes Coin’s triumph comes at a difficult time for the whole crypto industry. Big Eyes Coin’s fan base is growing every day, and its members are already publicizing how well the initiative is doing. The Big Eyes Coin community has grown as a result of the project’s various utilities. Big Eyes Coin’s team supports a number of deserving causes as part of its mission to deliver vital human services all over the world. In some respects, Big Eyes Coin has been meeting this purpose during its continuing presale period.

The Big Eyes Coin project is being hosted on the Ethereum network to give consumers a fantastic experience as they explore its ecosystem. Technical issues like scalability, congestion, throughput, and security flaws plagued some existing blockchain projects. To avoid those issues on its platform, Big Eyes Coin selected the Ethereum network as its host. Additionally, Big Eyes Coin and all other projects on the Ethereum network benefit from services that have been improved. The successful Ethereum merge that took place a few weeks ago led to the optimization.

Furthermore, Big Eyes Coin is doing a bonus tokens giveaway, to benefit from the giveaway use the code: BIGG4688 when purchasing BIG tokens.

To find out more about Big Eyes Coin (BIG), visit the links below:

Shiba Inu, Floki, And Big Eyes Coin And The Meme

Meme coins like Floki (FLOKI) Shiba Inu (SHIB), and Big Eyes Coin (BIG) have been experiencing a recent surge in popularity, which is only reflected in the bull market that is being well-established within crypto. The strengthening of meme coins like SHIB and FLOKI represent a trend that only looks to continue for coins that remain in the presale stage, such as BIG.

The excitement building around Big Eyes Coin (BIG) has meant that it has raised an impressive £33.55 million whilst still in the presale stage, which is due to end on the 3rd of June. The growth in the legitimacy of other meme coins has meant that BIG has the potential to occupy that coveted space in the market of being accessible to all investors, while also being taken seriously by more experienced traders.

Shiba Inu Gains Traction

Shiba Inu (SHIB) has recently been seen to be growing in momentum, becoming the 14th most popular coin on the market. Created in August 2023, SHIB took inspiration from the popularity of Dogecoin, developing on its core ideals of being community run with a focus on decentralising the currency. The emphasis on the anonymity of its creators and their stake in the community being unbiased is something that has inspired more recent meme coins, stating that what is most important is the development of these communities.

Floki Capitalising on the Growth of Meme Coins

Floki (FLOKI) is a newer iteration of the community-led currency, and one of the key features they emphasize is their ‘Three Pillars’, of Community, Utility, and Charity. Created in June 2023, FLOKI continues to develop in new and innovative ways, challenging the possibilities of what a currency can offer, and this is reflected in the reception from investors and enthusiasts globally. The prevalence of FLOKI both in discussions in online communities and in more traditional marketing spheres has meant that they have contributed to the burgeoning successes of meme coins as a whole. The growing popularity of both FLOKI and SHIB has paved the way for newer, more curated currencies such as BIG to build on the platform created for meme coins in the market.

Big Eyes, Big Potential

Big Eyes Coin (BIG) is looking to further improve on the popularity of meme coins, and build themselves as another established currency that has a commitment to altruism. Also a community-led coin, BIG has pledged to donate 5% of its supply to ocean sanctuaries, so the motivation within the community to increase the value of BIG is improved with this commitment to charity. With the opportunity to invest during the presale stage soon reaching an end on the 3rd of June, BIG is projected to follow the trend of meme coins like SHIB and FLOKI in becoming one of the most popular coins on the market.

Meme coins have a unique ability to occupy a place in the collective consciousness, triggering feelings of both nostalgia and inclusivity for people who are a part of various online communities, which inspires investors of all experience levels to become involved in these potentially uncapped possibilities for earning.

Big Eyes Coin (BIG)

The Ultimate Meme Coin Showdown With Dogetti, Dogecoin, And Shiba Inu

The cryptocurrency market has seen the rise of numerous meme coins, capturing the attention of investors and enthusiasts alike. In this comparative analysis, we will explore the similarities and differences between Dogetti, Dogecoin, and Shiba Inu, exploring the power of meme coins and their enduring success in the market. As readers looking for the next big crypto investment and meme coins with utility, it is essential to understand how these cryptocurrencies operate and their potential for long-term growth.

Dogetti – The New Meme Coin on The Block

Dogetti, much like Dogecoin and Shiba Inu, is a meme coin that has gained popularity in the crypto market. However, Dogetti distinguishes itself by emphasizing the idea of a strong and united community of holders. Inspired by mafia-themed books and films, Dogetti brands its community as “The Family,” aiming to create a sense of uniqueness, togetherness, and shared success among its members.

The primary goal of the Dogetti project is to help every member of the family increase their overall net worth. To achieve this, Dogetti implements a 2% reflection protocol, ensuring regular rewards for holders. This unique feature sets Dogetti apart from its counterparts and enhances its appeal to investors.

Dogecoin – The Originator of Meme Coins

Dogecoin, often regarded as the OG meme coin, has been a key player in the cryptocurrency market since its inception. Created as a lighthearted and comical digital currency, Dogecoin gained popularity due to its iconic Shiba Inu dog logo and its active and supportive community.

While Dogecoin shares similarities with Dogetti in terms of meme coin status, it differs in its branding approach. Dogecoin’s community is known simply as “The Community,” fostering a spirit of inclusivity and accessibility. Dogecoin’s primary focus has been on community-driven initiatives, charitable causes, and tipping content creators.

Shiba Inu – The Dogecoin Killer

Shiba Inu, another prominent meme coin, has garnered significant attention in the crypto market. Inspired by the Shiba Inu dog breed, Shiba Inu presents itself as a “decentralized meme token” with a focus on building an ecosystem of meme-related projects.

Similar to Dogecoin and Dogetti, Shiba Inu thrives on community engagement. However, Shiba Inu distinguishes itself by incorporating tokenomics that incentivize holding and reward its holders through the distribution of additional tokens. This unique approach has contributed to Shiba Inu’s growing popularity and its ability to withstand market fluctuations.

When comparing these meme coins, Dogetti stands out as a promising investment opportunity. With its strong emphasis on community and regular rewards through the reflection protocol, Dogetti offers a unique and enticing proposition to investors. By branding its community as “The Family,” Dogetti instills a sense of belonging and unity, fostering a supportive environment for its holders.

While Dogecoin and Shiba Inu have made significant contributions to the meme coin landscape, Dogetti’s distinct features make it a standout choice. Its commitment to helping every member of the family increase their net worth and the influence drawn from mafia-themed books and films add an element of intrigue and excitement to the project.

As readers exploring the crypto market for the next big investment opportunity and meme coins with utility, Dogetti presents a compelling choice. Join “The Family” and become part of a community that is poised to make its mark in the world of cryptocurrencies.

Dogemiyagi, Sandbox Token And Shiba Inu Are The Best From The Ethereum Blockchain

The Ethereum blockchain has emerged as the most versatile in the world with its large developer community and constant updates. The blockchain is also highly scalable and allows for high throughput. The Sandbox token and Shiba Inu are two projects that utilise the Ethereum blockchain and have emerged as successful in the market. We will look into the success of these tokens and what makes them special. We will also look into DogeMiyagi, a viral meme coin that is on presale and has caught the eye of investors for its Ethereum-based network. 

The Sandbox: A Decentralized Virtual World With NFTs And DAO Governance

The Sandbox project combines the powers of decentralised autonomous organisations (DAO) and non-fungible tokens (NFTs). This blockchain-based metaverse allows users to create, build, buy, and sell digital assets, creating a thriving gaming community within the virtual world.

Operating on the Ethereum blockchain, the Sandbox leverages the network’s strength to provide a secure and scalable platform for its community. The network’s SAND token performs as the governance token and allows holders to take part in the decision-making process in the network. Brands like Atari, Helix, and CryptoKitties have collaborated with the project, reflecting its potential.

The use of the Ethereum blockchain allows the network to be up to date with the blockchain’s regular update schedule. The network can also claim superior performance due to the blockchain’s use of staking instead of the power-hungry proof-of-work algorithm.

Shiba Inu: The Rising Star In The Ethereum Ecosystem

Shiba Inu was launched to knock Dogecoin off its perch in the meme coin space. The project takes after Dogecoin and has a Shiba Inu dog as its mascot and also has a highly engaged community like Dogecoin. The network’s community is fundamental in expanding the token’s reach and in maintaining its value through times of volatility in the market.

Shiba Inu’s use of the Ethereum blockchain enables its ecosystem to run high-capacity dApps and DeFi projects. The SHIB ecosystem consists of the DEX called Shibaswap, an NFT marketplace called Shiboshis, and a metaverse called Shiberse.

Using the Ethereum blockchain enables the Shiba Inu network to have a high degree of decentralisation and high scalability, and top-grade security. The network is also energy efficient compared to its peers like Dogecoin.

DogeMiyagi: The Meme Coin Powering NFTs On Ethereum Blockchain

DogeMiyagi, a viral meme coin in presale, has caught the attention of investors with its community-centred project. Being an ERC-20 token, DogeMiyagi relies on the robust infrastructure of the blockchain to ensure secure, high-volume transactions and smart contract functionality. DogeMiyagi aims to be a fully decentralised autonomous organisation (DAO) network after launch, giving its community the reins of the project.

The network’s $MIYAGI token will fuel its ecosystem, empowering users to participate in daily incentive schemes and stake their tokens for NFT rewards. The Ethereum blockchain backbone will make the network have high scalability and great utility, unlike many meme coins. The network will also have top-grade security and efficiency that the Ethereum blockchain provides, thus making it a top contender for the meme coin throne.

The Ethereum-based cryptocurrencies DogeMiyagi, The Sandbox, and Shiba Inu showcase the power and potential of building on the Ethereum blockchain. With their ecosystems and development models, these tokens offer investors exciting value in the crypto world.

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